Bitcoin 2.0 ? WTF ?? We haven't got Bitcoin 1.0 running and accepted - so what is this rubbish.
Well, have an open mind and read on.
While I am writing up some pages on Bitcoin economy, I came across the following observation: If a major bug in the Bitcoin program shows up, eg. some fancy buffer overflow which allows remote coin theft, the course of Bitcoin is likely to crash.
Of course, with Bitcoin this is not possible.
It has been coded very well. But still...it has been heared of many times, that even programs like Windows (watch out: irony) have bugs. Read on !
So, assume we had multiple implementations fo Bitcoin. Bitcoin 2.0 and Bitcoin 3.0. Of course, these would be built on different clients, maybe slightly different parameters regarding bounties, fees, hash algorithms and stuff. They would be convertible into each other on the click of a mouse (or even by automated action). In such an ecosystem there is the chance to switch currencies. If Bitcoin 1.0 runds into trouble,
no problem, you just switch to Bitcoin 2.0. And, of course, you would not have all your assets in just one of the Bitcoin variants, but you would distribute your money accordingly.
Now my idea ist the following: A multi-variant Bitcoin world is probably not a good idea right now, as Bitcoin 1.0 is struggling for acceptance, but in the medium and long run, having several Bitcoin variants would be of mutual benefit for all involved Bitcoin variants. I am not saying that Bitcoin 1.0 has problems...I am arguing that the mere possibility of switching from one variant to another variant increases trust in all variants.
Any ideas on this ?